Digital Banking + FinTech

By Mackson Wakama | Mackson Wakama created a magazine on Flipboard. “Digital Banking + FinTech on Flipboard” is available with thousands of other magazines and all the news you care about. Download Flipboard for free and search for “Mackson Wakama”.

Goldman Sachs has been pilloried for lackluster results from its trading division (paywall), so this week the bank gave investors a peek into its plans (pdf) for making more money. Surprisingly, the Wall Street powerhouse thinks it can generate as much revenue from online consumer loans—a market …

Amazon, Google and Facebook pose a much bigger threat to banks than financial technology start-ups despite concerns the latter are luring customers away, the World Economic Forum has warned.<p>The fintech sector, said to be worth around £7bn in the UK, has been a key area of focus for Chancellor …

Boasting a steam railway, an annual regatta and a castle, the small seaside town of Dartmouth in Devon provides just the idyllic escape beloved of holidaying families or retired couples.<p>But following the closure of the town’s Lloyds branch in March, and its HSBC last year, the town’s ageing …

The world’s first cash machine landed on a north London high street 50 years ago this week, transforming everyday banking for millions of people all over the globe.<p>On June 27 1967 the cash machine, installed outside a Barclays branch in Enfield, north London, was unveiled. Customers who needed to …

The boss of banking software firm Misys is to take the helm of a new £1.7bn company called Finastra that has been formed from the British company's merger with Canadian rival DH Corp.<p>Nadeem Syed has been named chief executive of the giant fintech business, which is owned by Vista Equity Partners …

One of the buzzwords in the startup community for the last several years has been “fintech.” This hot topic covers a broad subject area but the actual meaning of the term is often not fully understood. What is clear is that Hong Kong remains one of the most prominent financial centers in the world …

<i>This is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.</i><p>Most fintechs, even the unicorns, aren't profitable.<p>Despite having innovative ideas and live products that are successfully disrupting the …

Wells Fargo plans to upgrade all 13,000 of its ATMs next week to enable customers to access their funds using their cellphones instead of traditional bank cards.<p>The announcement was made by Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday at an employee town hall in Orlando.<p>Although banks …